Friday, April 15, 2011 - 7:03 AM

Rate Increase And Silly Games At Capital One

Capital One Direct Banking (0 stars) - Details

Capital One has once again increased the APY on its brick and mortar "Simple Savings" account. It's now offering 1.23% on deposits over $10,000. There is also a large advertisement promoting this offer in Friday's Washington Post. On the other hand, its misleadingly named "High Interest Savings" account offers only .8% APY for a comparable deposit. The APY for the "high interest" offering actually drops to .6% for deposits in excess of half a million dollars or greater.

MDBill4 posts since
Feb 3, 2011
Rep Points: 71

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This post applies to all states.

Quick
Summary

1. Friday, April 15, 2011 - 8:42 AM

Here are the rates as of today on CapOne's in-branch Simple Savings account, by state:

CT: Simple Savings account is not offered; DC: 1.23% APY on $10,000+; DE: 1.23% APY on $10,000+; LA: 0.70% APY on $2,500+; MD: 1.23% APY on $10,000+; NJ: 1.10% APY on $2,500+; NY: 1.10% APY on $2,500+; TX: 1.10% APY on $2,500+; and VA: 1.23% APY on $10,000+.

WhataBummer413 posts since
Oct 15, 2010
Rep Points: 1,577

2. Wednesday, April 20, 2011 - 9:08 PM

I live in san antonio tx and capital one simple savings here offers 1.35 on a balance of 2500+.

abc1232 posts since
Mar 21, 2011
Rep Points: 6